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tonight diane sawyer has an interview with john boehner. katie marzullo, abc7 news. >>> >> traffic and weather together next. >>> live look outside from the embarcadero looking at the bay, a lot of clouds, clear skies not going to last long that system mike has been warning us about is here how rain will affect your neighborhood forecast when we come back. sue will check in with your commute. >>> east bay highway shuts down overnight the work by caltrans to make [ boy 1 ] hey! that's the last crescent. oh, did you want it? yea we'll split it. [ female announcer ] made fresh, so light, buttery and flakey. that's half that's not half! guys, i have more! thanks mom [ female announcer ] pillsbury crescents. let the making begin too bad the guys aren't here we're clear. ok, swarm! swarm! hello [ female announcer ] pillsbury chocolate chip cookies. let the making begin >> welcome back. this area of low pressure coming towards us and going to create showers for us, 40s, 50s showers north bay during the morning midday through the heart of the bay a
tonight diane sawyer has an interview with john boehner. katie marzullo, abc7 news. >>> >> traffic and weather together next. >>> live look outside from the embarcadero looking at the bay, a lot of clouds, clear skies not going to last long that system mike has been warning us about is here how rain will affect your neighborhood forecast when we come back. sue will check in with your commute. >>> east bay highway shuts down overnight the work by caltrans to make...
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Nov 14, 2012
11/12
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does john boehner have the votes to match that? >> the white house figures he will portray himself as the chapel yofnt middle class and the republicans are going out for the rift and he feels he can largely beat hem into submission. when they sit down to the bargaining table they might make some changes but he will want to come out of these negotiations as having largely won them and leaving scraps for the republicans. what the republicans have to hit back with is the way you increase revenues is by having rising incomes. you don't get that by higher taxes on a weakening economy. bill: the president plans to open the talks using his most recent budget proposal. wasn't that the budget that got zero votes in the senate? >> he's going to exploit it for all it's worth. you could come to an agreement using bowles and simpson and reducing rates so everyone declares victory. you have got more revenue but the rates don't go up. but i don't think the president is interested in that. if you had normal people doing this. this president web ma
does john boehner have the votes to match that? >> the white house figures he will portray himself as the chapel yofnt middle class and the republicans are going out for the rift and he feels he can largely beat hem into submission. when they sit down to the bargaining table they might make some changes but he will want to come out of these negotiations as having largely won them and leaving scraps for the republicans. what the republicans have to hit back with is the way you increase...
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Nov 16, 2012
11/12
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boehner, the president, you can see him sitting there. let's listen to the president. thank them for their time and i think we're all aware that we have some urgent business to do. we have to make sure that taxes don't go up on middle class families and that our economy remains strong and creating jobs and that's an agenda that democrats and republicans and independents, people all across the country share. our challenge is to make sure that we are able to cooperate together, work together, find some common ground, make some tough compromises and build some consensus to do the people's business and what folks are looking for and i think all of us agree on this is they want to see that we are focused on them and not focused on our politics. my hope is this is a fruitful process where we will come to agreement that will reduce our deficit in a balanced way. i want to thank the leadership for coming and with that wool get to work. thank you very much, everybody. wait, wait, excuse me, there is actually one other point that i wanted to make.
boehner, the president, you can see him sitting there. let's listen to the president. thank them for their time and i think we're all aware that we have some urgent business to do. we have to make sure that taxes don't go up on middle class families and that our economy remains strong and creating jobs and that's an agenda that democrats and republicans and independents, people all across the country share. our challenge is to make sure that we are able to cooperate together, work together,...
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boehner. he says his party is willing to consider tax increases only under the right circumstances which include fewer tax loopholes and simpler, fairer tax code. right now all sides are laying out opening arguments for negotiations that are to come. they need to avoid severe and automatic government spending cuts and tax hikes that will take place january 1st. those cuts and hikes total 800 billion dollars. in the bay area there's hope president obama's reelection will bring amick boost especially in the silicon valley. with health care behind him the tech industry feels the president can turn his attention to jobs, housing and clean technology. katie marzullo, abc7 news. >>>s did are trying to determine how badly hurt an 11-month-old fremont baby was when she fell from a third story window yesterday. firefighters say the baby landed in bushes outside her home in the 800 block of walnut avenue yesterday afternoon the baby was unconscious when she was airlifted to the hospital but breathing an
boehner. he says his party is willing to consider tax increases only under the right circumstances which include fewer tax loopholes and simpler, fairer tax code. right now all sides are laying out opening arguments for negotiations that are to come. they need to avoid severe and automatic government spending cuts and tax hikes that will take place january 1st. those cuts and hikes total 800 billion dollars. in the bay area there's hope president obama's reelection will bring amick boost...
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Nov 9, 2012
11/12
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mitch mcconnell has certainly got john boehner's back. he agrees. he says, quote, one issue i've never been conflicted about is taxes. i wasn't sent to washington to raise anybody's taxes to pay for more wasteful spending. and this election doesn't change my principles. here is something that the president and the folks in the white house have to think about. since they are intent on raising taxes, the congressional budget office says hold the phone. not so fast because if the taxes all get hiked up as they're going to at the end of the year unless there is some sort of a change and they come to an agreement, there would wind up being a recession in this country one year from right now, unemployment would be above 9% and the economy, they say, would contract by about a half a percent when it comes to the gdp. those are two very sobering numbers. in other words, if they can figure a way to do something about the debt problem and also about stuff we were just talking about right there, you know, as we got up to the cliff, we'll have a way down. but yo
mitch mcconnell has certainly got john boehner's back. he agrees. he says, quote, one issue i've never been conflicted about is taxes. i wasn't sent to washington to raise anybody's taxes to pay for more wasteful spending. and this election doesn't change my principles. here is something that the president and the folks in the white house have to think about. since they are intent on raising taxes, the congressional budget office says hold the phone. not so fast because if the taxes all get...
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Nov 9, 2012
11/12
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new revenue in growth and not tax hikes. >> we'll hear from republican speaker of the house john boehner. what do you expect out of him? >> reporter: you know, he opened the door and said we are interested in talking about new revenue and then had to go back and clarify himself and he will likely do that again today. he did that in an interview but probably will do it in a wider form to say we are not for new taxes. if that's the way president obama and the democrats want to bring more money into this government, we're not going to go for it. >> one last question for you. we talked about this causing a recession. this thelma and louise impact. there could be real impact on the unemployment and economy. >> reporter: if congress does nothing and lets those tax increases happen and don't forget the 2% payroll tax break we ought got this year too, if they let both happen at the beginning of the year plus the massive budget cuts in the government we haven't even talked about that and the effect on the military, if all of that goes into effect, no unemployment benefits extended for people, the
new revenue in growth and not tax hikes. >> we'll hear from republican speaker of the house john boehner. what do you expect out of him? >> reporter: you know, he opened the door and said we are interested in talking about new revenue and then had to go back and clarify himself and he will likely do that again today. he did that in an interview but probably will do it in a wider form to say we are not for new taxes. if that's the way president obama and the democrats want to bring...
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now, house speaker john boehner sort of opened the door to new revenue. conservatives say he wasn't talking about raising taxes. he wasn't talking about growing the economy. so as people earn more, we end up getting more tax revenue from those larger earnings. all of this may not calm wall street because whatever they do between now and the end of the year may be temporary if they continue to work out the big picture. what we do know, the congressional budget office says, if congress does nothing, we could be looking at 9% unemployment next year. >> tracie potts live on capitol hill. tracie, thank you. >>> secretary of state hillary clinton has said she does not plan to stay with the obama administration for his second term. that has sparked a lot of questions about who the president would choose to fill that spot. it appears u.n. ambassador susan rice is emerging as a leading candidate. according to bloomberg news, several white house officials say rice is close to the president and has a similar foreign policy philosophy as the president. senator john k
now, house speaker john boehner sort of opened the door to new revenue. conservatives say he wasn't talking about raising taxes. he wasn't talking about growing the economy. so as people earn more, we end up getting more tax revenue from those larger earnings. all of this may not calm wall street because whatever they do between now and the end of the year may be temporary if they continue to work out the big picture. what we do know, the congressional budget office says, if congress does...
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Nov 8, 2012
11/12
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house sseaker john boehner says he's opee to putting politics asidd and making a deel with the resideet o put the natioos finances in ooder. rep. ohn boehner (r-oh) speaker of the house"...the president has signaled a willingness to dootax reform to lower rates. republicans havv signaled a willingness to accept new revenue if it comee from growth and reffrm. so, llt's start the discussion there..." one political analyst saas the republlcans' illingness to cooe to terms on a deal could be the result of pubbic pressureedr. danny hayes / political scienceedepartment, geooge washington university: "....t certainll does ean that they have to worry about runniig afoul of public opinion at their peril, having just suffered a loss..." domestic issues side, the rrach n agreement many also have an impact on foreign affairs.damon wilson / executive vice president of the atlantic council:"...an aggeement that's serious, that's long term, that rretores confidenceein the fiscal situation of the united states in the markets plobally, iithink it actually weakens his hand on every foreign policy issuu..
house sseaker john boehner says he's opee to putting politics asidd and making a deel with the resideet o put the natioos finances in ooder. rep. ohn boehner (r-oh) speaker of the house"...the president has signaled a willingness to dootax reform to lower rates. republicans havv signaled a willingness to accept new revenue if it comee from growth and reffrm. so, llt's start the discussion there..." one political analyst saas the republlcans' illingness to cooe to terms on a deal could...
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Nov 8, 2012
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. >>> other news, speaker of the house john boehner has relaxed his opposition to tax reform to solve the budget crisis and avoid the fiscal cliff. while he offered no specifics, it was a sign after the election that republicans are ready to start negotiations. this comes a day after the worst loss on wall street so far this year. the dow plunged more than 300 points reacting to the election. not the election of mr. obama specifically but the concern that the two political parties would be too bitter to reach an agreement before the economy hits the cliff. there's less fear this morning thanks to speaker boehner. democrats want tax breaks for the rich to expire as a way to pay down the debt, republicans don't. they would like tax breaks to expire for everybody or nobody. but this morning boehner said he'd be ready to talk about certain loopholes which may cause the rich to pay more. >> it will be an interesting year. >> even had a purple tie on which might be a blending of the red and the blue. >> really? >> we'll take any thing. >>> 6:18 today. they call it black friday, which is sup
. >>> other news, speaker of the house john boehner has relaxed his opposition to tax reform to solve the budget crisis and avoid the fiscal cliff. while he offered no specifics, it was a sign after the election that republicans are ready to start negotiations. this comes a day after the worst loss on wall street so far this year. the dow plunged more than 300 points reacting to the election. not the election of mr. obama specifically but the concern that the two political parties...
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Nov 12, 2012
11/12
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john boehner, harry reid, mitch mcconnell, the same group last year. since that meeting, republicans have been discussing revenue increases. democrats want tax rate increases. republicans say there are other ways to get there like curbing tax deductions. >> this whole notion of capital gains and dividend taxes is really an explicit to pension funds and the ability of moms and pops that are out there to have income producing small capital investments. rich: the president's budget increases the top tax rate from 15 to 20%. meeting friday at the white house. back to you. lori: we know you will be there, rich. thank you. melissa: the president calling on congressional leaders to work together. congress has a voter mandate not to raise taxes. joining us now is steve moore from the "wall street journal." thank you for hopping on the phone to talk to us. i am really interested in the interview that you did. he said over the weekend "let me put it very clearly, i am not willing to turn off taxes for the sequester." >> one of the things that came through in my
john boehner, harry reid, mitch mcconnell, the same group last year. since that meeting, republicans have been discussing revenue increases. democrats want tax rate increases. republicans say there are other ways to get there like curbing tax deductions. >> this whole notion of capital gains and dividend taxes is really an explicit to pension funds and the ability of moms and pops that are out there to have income producing small capital investments. rich: the president's budget increases...
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Nov 16, 2012
11/12
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we heard from speaker john boehner. he said that revenue is on the table. the issue here is that president obama has said he wants to increase tax rates on wealthy americans. the speaker and house republicans are still not on board with increasing tax rates, although perhaps closing some loopholes to raise some revenue, and even though there's a lot of kind of kumbaya going on here, suzanne, there's still a lot of tough work that needs to be done. they're still maybe punting on some of the important issues like tax reform and entitlement reform, but they'll be dealing with the fiscal cliff here in the near term. >> it's probably difficult to tell, but we see these pictures, and it's very common, right? you get about 30 seconds to see them all in a room together. they're patting each other on the back, smiling, and shaking hands, that kind of thick. do we have any sense of whether or not there were any different kind of tone or language when they were meeting behind closed doors that gives us a sense that maybe this is real? >> you know, i think, oh, to be a
we heard from speaker john boehner. he said that revenue is on the table. the issue here is that president obama has said he wants to increase tax rates on wealthy americans. the speaker and house republicans are still not on board with increasing tax rates, although perhaps closing some loopholes to raise some revenue, and even though there's a lot of kind of kumbaya going on here, suzanne, there's still a lot of tough work that needs to be done. they're still maybe punting on some of the...
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Nov 10, 2012
11/12
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boehner gave the republican address this morning, saying shoring up entitlements and reforming the tax code will lead to more jobs and a stronger economy. both sides agree another recession will hit if the nation falls over this so-called fiscal cliff, which is a combination of automatic spending cuts and tax rate increases that are scheduled to kick in at the start of next year. >>> thousands of customers are still without power nearly two weeks after sandy hit, and now their utility might raise their rates. the ceo of con edison has said he is very sorry that some people have gone 12 days without power, but his company plans to hike utility rates for gas, steam, and electricity anyway. many are questioning the timing of such an increase. >> it seems crazy. i know they are probably dealing with an antiquated infrastructure, but i mean, shouldn't they have thought about this maybe down the road a little bit? >> i think it's outrageous, considering what people have gone through. >> if the public service commission approves the rate hike this month, it would go into effect next october.
boehner gave the republican address this morning, saying shoring up entitlements and reforming the tax code will lead to more jobs and a stronger economy. both sides agree another recession will hit if the nation falls over this so-called fiscal cliff, which is a combination of automatic spending cuts and tax rate increases that are scheduled to kick in at the start of next year. >>> thousands of customers are still without power nearly two weeks after sandy hit, and now their utility...
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Nov 14, 2012
11/12
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boehner and eric cantor a year ago. we remain ready, willing and able to compromise. the american people have an unquenchable thirst for solutions. they have an unquenchable thirst for compromise and consensus. at that press conference yesterday it was nancy pelosi notwithstanding what governor christie has said. it was nancy pelosi who said we remain ready, willing and able to find a compromise. to find common ground with republicans to avoid the fiscal cliff. we need solutions and not sequestration. >> jonathan karl did an interview with paul ryan and what paul ryan said in this is essentially that, that the president doesn't have a mandate. karl said he won some 300 some electoral votes, every battleground state except for north carolina. does president obama have a mandate and, and he said no, i don't think so. because then nancy pelosi would be in charge of the house of representatives. and she's not. do you think that he's got a point? >> you know what has a mandate? solutions have a han date. this election was ab
boehner and eric cantor a year ago. we remain ready, willing and able to compromise. the american people have an unquenchable thirst for solutions. they have an unquenchable thirst for compromise and consensus. at that press conference yesterday it was nancy pelosi notwithstanding what governor christie has said. it was nancy pelosi who said we remain ready, willing and able to find a compromise. to find common ground with republicans to avoid the fiscal cliff. we need solutions and not...
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Nov 12, 2012
11/12
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speaker of the house john boehner immediately saying he generally supportive of trying to close the loop holes. do you see that as raising taxes? >> what boehner said and in the republican position since republican we should reduce rates have economic growth many of which are put in by obama for the solyndra green-type energy programs. let's bring the rates down. boehner was clear he wanted increase revenues it is not a tax increase to put more americans at work. if our recovery was growing the rate reagans did more americans would be at work. in terms of raising revenue which boehner grew about. if you grew the economy at reagan levels instead of two percent and obama and french levels, just growing faster and do that for a decade, the federal government gets trillions in taxes. we could undo the damage by having higher growth. >> gretchen: that's the difference in ideology. raise it to 3#.9 percent x. replace the alternative minimum tax with the buffet and raise the state tax and long-term capitol gains from 15-20. where do you think that those four points will go in negotiations with
speaker of the house john boehner immediately saying he generally supportive of trying to close the loop holes. do you see that as raising taxes? >> what boehner said and in the republican position since republican we should reduce rates have economic growth many of which are put in by obama for the solyndra green-type energy programs. let's bring the rates down. boehner was clear he wanted increase revenues it is not a tax increase to put more americans at work. if our recovery was...